Pershing Square’s risky public pursuit: Can Bill Ackman deliver?

Pershing Square’s risky public pursuit: Can Bill Ackman deliver?

In the world of hedge funds, public listings are rare for a reason: investors are wary.
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In the world of hedge funds, public listings are rare for a reason: investors are wary. The unpredictable nature of these financial juggernauts, driven by individual leadership and volatile earnings, often fails to inspire confidence. Yet, against the odds, Bill Ackman of Pershing Square Capital Management pursues this path, selling a 10% stake at a staggering valuation. But with a lean team and a history of mixed returns, can Pershing Square defy the odds and sustain its lofty ambitions?

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By Marc Rubinstein

There's a reason so few hedge fund firms seek a stock market listing: Investors don't like them.

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